The Business Times, 11 August 1983

Microfilm: NL14154
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES M.C.(P) No. 67/1/83 THURSDAY, AUGUST 11, 1983 60 CENTS
    11 words
  • Article
    Employment front shows signs of improvement
    500 1  -  By LEE YOKE MENG THE EMPLOYMENT situation, though still weak, is beginning to show some faint signs of recovery. According to the official economic survey for the second quarter, the ratio of job offers to job seekers increased to 2.29 from 1.57 in the
    500 words
  • Article
    Morgan Guaranty is MRT financial adviser
    429 1  -  By AGNES WEE MORGAN Guaranty Trust of New York has been appointed financial adviser to the Provisional MRT Authority. It won the contract against three other banks that were shortlisted for consideration by the authority. They were Kleinwort Benson, Chase Manhattan and Manufacturers Hanover
    429 words
  • Article
    Move to streamline licensing system
    513 1  -  By JOHN LIM THE Government is taking steps to review and improve its licensing practices and system and to eliminate redundant licences. There are 351 different types of licence/ permit issued by the Government and each year, about 6.3 million of these are issued. The
    513 words
  • Article
    Lock icon Prospects for farther HK growth good
    186 1 Reuter HONGKONG has good prospects for continued economic growth, led by its export sector, Financial Secretary John Bremridge said. Speaking to the Federation of Hongkong Industries yesterday, he said this prediction is based on reports of larger orders for locally manufactured goods and a
    Reuter  -  186 words
  • Article
    Lock icon Report on economic outlook for Japan
    150 1 AP JAPAN'S Economic Council has submitted a report to Prime Minister Yasuhiro Nakasone advising that Japan must perform a positive role in reconstructing the world's economic order based on the free trade system. In the report, the advisory body said Japan, along with the
    AP  -  150 words
  • BRIEFLY...
    • Article
      Lock icon Director missing
      65 1 Reuter AUSTRALIAN police are seeking the director of an insurance company which collapsed yesterday after Asl9 million in company funds were discovered missing. Police said the director, Andrew Stathis, left for Tokyo last week and his whereabouts are not known. The company, Bishopsgate Insurance, was placed in provisional
      Reuter  -  65 words
    • Article
      Lock icon French state aid
      57 1 Reuter FRENCH national industries engaged in competitive activities will receive a total of 12.8 billion francs in state aid in 1984, up slightly from the 12.45 billion francs received this year. The figure covers not only recently nationalised industries but national companies such as Compagnie Generale Maritime,
      Reuter  -  57 words
    • Article
      Lock icon Record trade surplus
      54 1 Reuter TAIWAN registered a record trade surplus of US$2.B5 billion in the fust seven months of this year, compared with a surplus of $1.51 billion in the same period last year. Exports reached $13.78 billion, up 7.2 per cent from 1982, while imports were $10.93 billion, down
      Reuter  -  54 words
    • Article
      Lock icon Chinese oil project
      83 1 Reuter THE United Nations will part finance an oil exploration project in China's south-western Guizhou province, a UN spokesman said. The UN will provide at least US$4 million for the project, while industry sources said the full cost could be about three times that. The project will
      Reuter  -  83 words
    • Article
      New airline routes
      83 1 FOREIGN airlines may apply to open new international routes to eastern Indonesia, the government's director-general for aviation Sutoyo was quoted as saying. Speaking after an international aviation conference in Bali, he said Indonesia has declared airports at Ambon in the south Moluccas, Manado in northern Sulawesi and
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    • Article
      Lock icon Beirut airport shelled
      53 1 AP TWENTY rockets hit Beirut's international airport yesterday, killing two Lebanese women and a child. Thirteen other people were wounded, including a US marine and a Lebanese soldier. The bombardment came during a new round of heavy fighting between Christian and Druze militiamen in the Israeli-held mountains
      AP  -  53 words
    • Article
      KL-Seoul agreement
      41 1 MALAYSIA and South Korea signed an agreement yesterday on visa exemption for travellers. The accord, to come into effect on Sep 10, will exempt travellers from the two countries from having to obtain visas for up to 90 days.
      41 words
    • Article
      Lock icon More optimistic
      68 1 UPI BRITAIN'S textile industry is looking forward to a brighter future, but a shortage of skilled labour is expected to limit the output of some companies which are trying to make the most of the recovery. A poll by the Confederation of British Industry (CBI) showed that 40
      UPI  -  68 words
  • Article
    Lock icon US dollar moves to higher levels
    324 1 Reuter THE I'B dollar surged to new highs on world currency markets yesterday with dealers reportiag heetle trading It opeaed la Earape much higher than Tuesday'! closing levels, although it seemed to have loot some of the upward momentum which took It ta near
    Reuter  -  324 words
  • Article
    DBS profits up 27.5 pc in first six months
    482 1  -  By CHRIS LIM DEVELOPMENT Bank of Singapore, the first of the "Big Four" to release interim results, announced yesterday a 27.5 per cent increase in group pre-tax profits to $134.19 million for the six months ended June 30, 1963. Profit after
    482 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      339 1 Tops in Cor Audio Technology FUJITSU TEN LIMITED AMATEUR PHOTO STORES LTD. Singapore Phone *****22 Kuala Lumpur: Phone *****3/*****0 Penang Phone ***** ***** Jakarta Phone *****9 WRITE TO US! ..then write for us BUSINESS TIMES is growing fast and we now need extra staff bright, energetic people who can write
      339 words
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      Page 1 Advertisements Column 2
      32 1 R la Beck's Bier is imported from Germany. Ks distinctive taste is loved by Many. Be a Beck's Drmker and identify yourself r <7* 3 •I I Kißecksßier] Another quality product from
      32 words
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      Page 1 Advertisements Column 3
      3 1 Editorial page 8
      3 words
    • Advertisement
      Page 1 Advertisements Column 4
      30 1 Quality before your eyes BTW. Executive cars. Executive trucks. Executive trucks? MJk 11 mi ill MITSUBISHI 44 mm BTW The car truck rental company you must have heard of. Ph0ne:*****30.*****57.
      30 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Analysts expect M-l rise of US$2 billion
      502 2 Reuter US MONEY supply M-l is expected to show a rise of US$l billion to 13 billion in the week ended Aug 3, said a survey of economists by Reuters conducted on Tuesday. The average estimate was $2.1 billion. The increase would keep
      Reuter  -  502 words
    • Article
      Lock icon Court rules against states on foreign bank issue
      269 2 Reuter A FEDERAL Appeals Court has ruled against state banking officials who challenged the US Comptroller of the Currency's interpretation of regulations on branching activities by foreign-owned banks operating in the US. The Comptroller's Office charters US national banks and under a
      Reuter  -  269 words
    • Article
      Lock icon Bad loans to poor countries reached US$l4.3bn last year
      423 2 AP BAD loans to poor countries more than doubled last year to a level more than US$l4.3 billion, the International Monetary Fund said. At the end of 1981 the total was less than $6.5 trillion. The figure for the end of
      AP  -  423 words
    • Article
      Lock icon Argentine minister flies to New York to sign loan
      234 2 Reuter ARGENTINE Economy Minister Jorge Wehbe said he will fly to New York today to sign a new US$l.5 billion loan to help reschedule its $39 billion foreign debt. Mr Wehbe said the fiveyear loan, raised by Argentina's 263 creditor banks,
      Reuter  -  234 words
    • Article
      Lock icon Rates will not be cut says Poehl
      99 2 Reuter BUNDESBANK president Karl-Otto Poehl said there is no reason to react with dramatic or spectaculitf steps to the mark's weakness on foreign exchanges. In a television interview, he declined to comment directly on today's Bundesbank council meetisg. Asked about the dollar's strong
      Reuter  -  99 words
    • Article
      Lock icon Intervention
      32 2 Reuter THE BANK of Japan will* continue to intervene in the? foreign exchange market support the yen, which the bank believes is grossly undervalued against the US dollar, bank officials said.
      Reuter  -  32 words
    • Article
      Lock icon Poland must reply to proposals
      113 2 Reuter WESTERN creditor banks have told Poland it must give a concrete reply to rescheduling proposals by tomorrow before they agree to a further negotiating session, banking sources said. Banks originally asked Poland to reply by Monday to their proposals to reschedule US$l.5 billion due
      Reuter  -  113 words
    • MONEY AND EXCHANGES
      • Article
        GOLD
        312 2 GOLD FUTURES in Singapore yesterday closed slightly lower in quiet trading depressed by a stronger US dollar. Total sales for the day were recorded at 75 lots while kerb volume was 410 lots. Prompt closed slightly weaker at US$4O9/410 an ounce against $409.50/410.50 in New York and October at
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      • Article
        Silver quotes
        29 2 Tw* ■m New York U.53B UBftV 11.S8S Zurich U.C5B unav 11.10S Singapore I1.45B XV0B elated 11.52S Closing price* in US dollar* a troy ounce. Source: Credit, S'pore
        29 words
      • Article
        Hongkong
        62 2 THE US dollar yesterday extended gains against most major currencies but business was slow down ahead of the European opening. Banknote rates yesterday (HK per 1): US 7.45/7.47 UK 10.»/11.15 Brunei 3.42/3.44 W Germany 2.75/2.77 Malaysia 3.155/3.175 Philippines 0.61/0.63 Singapore 3.46/3.48 (HK per 10): Burma —1.50'2.50 India 6.»/6.40 (HK
        62 words
      • Article
        London
        84 2 THE dollar yesterday resumed its upward move to open significantly higher, although central bank intervention appeared to be limiting its move above 2.71 marks. Opening quotes yesterday US-I 4820 30 Can 1.8335 60 Cross 1 2368/71 D Mk 4.0160/0196 D F1 4.4875 4915 S FY 3.2450 90 B Fr
        84 words
      • Article
        ASIAN $
        180 2 ASIAN ASIAN currency deposit Interbank rates as at 5 pm on Aug 10: U8 Dollars) Spot) Ofl.r Bid 7 days 10 91* 1 month 10* 10 2 months 107/16 10 5/10 3 months 1011/*****/10 6 months 11* 11 9 months 11M 11* 12 months 11* 11* Das. IwM (MiMk Prion)
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      • Article
        PLR
        22 2 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 9.08 per cent.
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      • Article
        Discount
        44 2 RANGE of prices offered by discount houses on Aug 10: Overnifbt: 3 Call deposits: 2 3 Cloiiu Bst>M Sellisf 3-month Treasury bills 29/16 27/1« 3-month Bank bills 713/10 711/10 3 months CD 7H 7* 0 months CD 7Vi 7H Source: National Discount Co
        44 words
      • Article
        Treasury bills
        42 2 THE Monetary Authority of Singapore has invited banks and discount houses to tender for a total of $130 million 91-day Treasury bills to be issued from Aug 15 to Aug 19. Each tender must not be for less than $250,000.
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      • Article
        Singapore markets
        503 2 THE US dollar, boosted by the rise in US interest rates, continued to firm against most ma)or currencies in spite of efforts by the Federal Reserve and other central banks to check its rise in the past few days. But trading in the US/ Singapore currencies was quiet
        503 words
      • Article
        Tokyo
        243 2 THE DOLLAR yesterday closed firm at 245.55 yen and 2.7082 92 marks after a surge to an eight-month high of 245.60 yen and a 9 i- year high of 2.T140 marks. A renewal in the dollar upswing to well above 2.70 marks, seen as a psychological barrier at one
        243 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      167 2 iia vSiiHi in From the Jean Tonic Boutiques come intoxicating fashions served up cool and suave by Newman and Cacharel. Heady casuals and not-too-sober business moods, all slanted with that image-cutting Parisian flair. Shirts and slacks to dress you from boardroom to cocktails... and every casual encounter inbetween. Slip into
      167 words
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  • Article
    MEMO PAD
    587 3 SEMINARS AND COURSES Aug 10-12: Professional Selling Skills n Xerox Learning Systems, Century Park Sheraton, Professional Learning Systems Pte Ltd Aug 11-13: Leadership Dynamics Seminar, Hyatt Regency Singapore, Leadership Dynamics International of Atlanta, Georgia, and Campus Crusade Asia Ltd Aug 15-17: International Marketing Planning, Singapore Institute of Management,
    587 words
  • TRADE AND INDUSTRY
    • Article
      Prices of small computers likely to fall in October
      480 3 PROSPECTIVE buyers of small computers are likely to get a better deal if they wait till October when a big price war is expected to take place. That is when the popular microcomputer show PerCompAsia 83 will be staged. Expectations are
      480 words
    • Article
      Pica gets loan guarantee for up to US$15m
      298 3  -  By LEE YOKE MENG THE Private lavestmeat Csmpaay fw Aria (Plea) has sbtolaed a toss gaaraatee far ap to US$l5 million fram aa Amerieaa rlak tosaraaee ageaey. I%e gaaraatoe gives by toe Overseas Private lavestmeat Carpsrattoa (Ople) will be ased la toe
      298 words
    • Article
      AT&T seeking more active role in region
      427 3  -  By KOH TSE YING AMERICAN Telephone 4 Telegraph Company (AT&T) is aiming to estab>lish a long-term presence in Southeast Asia. The first step towards this is the appointment of distributors in the Asean countries. Mr M J Pasquale, managing director of ATAT International
      427 words
    • Article
      Role of house unions in labour productivity
      422 3 THE Government can only direct the way towards more productive workers, but the responsibility lies squarely with management. Enlightened management with an active interest in the welfare of workers is one condition for good labour-management relations, said Dr Wong Kwei Cheong, Minister of
      422 words
    • Article
      Conference and workshop on safety
      138 3 THREE leading safety consultants will present a twoday conference workshop on safety, security and fire prevention for the hospitality industry on Oct 27 and 28 at the World Trade Centre conference rooms. Entitled "Loss control for the hospitality industry", the conference is organised by Euro
      138 words
    • Article, Illustration
      TRADE TALK
      427 3 GALVANISED steel housing frames made by Dura frame Systems of Australia are being used by Fabricated Structures of Singapore on a housing project in Sumatra. The challenges faced by the Singapore company included a remote site, high shipping costs for other forms of house framing and the special
      427 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      217 3 I The point of all business activity i#i i Choosing the ideal location for J your business is surprisingly simple. When you can choose Cecil Point, that is. I j Why? Because at Cecil Point, you are I in the hub of Singapore s thriving »I financial district, where all
      217 words
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      Page 3 Advertisements Column 2
      172 3 The chicken and egg situation at Lee Brothers solved by an innovative move. So that more than double the storage capacity was achieved Maximizing returns on the high investment Lee Brothers had put into their cold store at Jurong. Thanks to Lee Brothers' innovative attitude and the professionalism ot our
      172 words
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      591 4 THOROUGHLY TESTED FOR SINGAPORE <2 V. «r* V ~t y M 0m >«>- f v <- f4f VT CP R! MS -c &L -M*-* *r t > n 9*fW «< A f»f #5 1 u fv..* M 4A X-,V "< I -V < V*&&? 3*5 iff fMI IP P -3
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  • OVERSEAS
    • Article
      Lock icon Canberra records US$117m surplus
      318 5 Reuter AUSTRALIA 'recorded a Uj§ll7 million balance of paanents surplus in July, anaeasured by net official monetary movements, against deficits of $194 milliffSjune and 1# million icrjuly 1982, the statistics b#tau said. 3fce turnround mainly reflated a sharp drop in the ofljfent account deficit to hH
      Reuter  -  318 words
    • Article, Illustration
      Lock icon France orders troops to Chad
      141 5 Reuter FRANCE ordered troops into Chad on Tuesday and the United States sent in heavy anti-tank rifles as Libyan and rebel forces were reported poised to attack the sandstorm-swept oasis of Faya-Largeau in northern Chad. Defence minister Charles Hernu said the troops, which were being
      Reuter; AP picture  -  141 words
    • WORLD IN BRIEF
      • Article
        Lock icon STRIKE TALKS
        456 5 Agencies THE President of the Communications Workers of America (CWA) and American Telephone and Telegraph Co's chief labour negotiator met informally but failed to make progress in settling the strike against AT&T, a union spokesman said. The meeting between CWA's Glenn Watts and Rex Reed, AT&T vice-president for
        Agencies  -  456 words
    • Article
      Lock icon US buildup goes on for military exercises
      317 5 Reuter GIANT C-lto military cargo ptoses are kriagbg than ■s ads of American treepa lata lleudarae aa the tempt build* ap for the Mggeet military maaaoavrea ever staged la Central America. The Ural nattograt of about IN troops flew la oa Monday to
      Reuter  -  317 words
    • Article
      Lock icon China's output rises but problems remain
      574 5 AP CHINA'S industrial and agricultural output kept growing in the first half of 1983 but problems persisted with industrial Inefficiency and uncontrolled investment, an official said on Tuesday. Xu Guang, deputy director general of the state statistics bureau, told reporters China expected a harvest
      AP  -  574 words
    • Article
      Lock icon China reports US$550m surplus in first half
      219 5 AP CHINA has reported a 1.1 billion yuan (US$55O million) customs clearance trade surplus in 1983's first half, down from a two billion yuan surplus in JanuaryJune 1982. The 1983 surplus was well below a $2.4 billion surplus reported last week by the
      AP  -  219 words
    • Article
      Lock icon Tariff for Japan chips suggested by US study
      217 5 Reuter THE US should be prepared to impose substantial tariffs on Japanese semiconductor producers if they export the next generation 256k ram chip to the US, a University of California study said. The study said US competition against Japan in semiconductors had
      Reuter  -  217 words
    • Article
      Lock icon Japan urges a US rethink on its steel import curbs
      314 5 Reuter JAPAN has asked the US to reconsider controversial restrictions on imports of special steels and warned it might take retaliatory measures, a Japanese spokesman said. Ambassador Kazuo Chi be told senior US trade envoys the new quotas and tariffs,
      Reuter  -  314 words
    • Article
      Lock icon Iran warns against attack on island
      155 6 Reuter JAPANESE foreign minister Shintaro Abe was told during a visit to Tehran that Iran would block the key Hormuz straits at the mouth of the Gulf if Iraq attacked its Kharg island oil installations, a Japanese spokesman said in Ankara on Tuesday. Mr
      Reuter  -  155 words
    • Article
      Lock icon Mahathir urges Seoul to invest in Malaysia
      426 6 Bernama DATUK Seri Dr Mahathir Mohamad has urged South Korea to relocate its labourintensive and low-technology industries in Malaysia. He said that both countries would gain from such an arrangement which would at the same time show other developing nations how they could
      Bernama  -  426 words
    • Article
      Lock icon Asean talks on oil slicks and sea pollution
      159 6 Bernama-Antara OIL slicks and sea pollution in Southeast Asia were among the subjects discussed by Asean representatives at a two-day meeting in Jakarta which ended yesterday. The meeting was jointly organised by the Indonesian Petroleum and Gas Institute (Lemigas), the United Nations
      Bernama-Antara  -  159 words
    • Article
      Lock icon Good crop but it's still short of target
      156 6 UPI GOOD weather combined with modified farming techniques will give the Soviet Union its best grain harvest in five years, western experts predicted on Tuesday. However, they said the 1983 harvest would still fall short of the current fiveyear plan by about
      UPI  -  156 words
    • Article
      Lock icon American Motors to hire more workers
      326 6 Reuter AMERICAN Motors Corp, the fourth largest car manufacturer In the US, will hire new workers for the first time in at least three years because its list of laid-off workers has been depleted. The company's chairman, Mr W Paul Tippett Jr. said at
      Reuter  -  326 words
    • Article
      Lock icon Objection to pricing system
      225 6 Reuter THE West German Federal Cartel Office said it objected to Thomson-Brandt SA subsidiary Telefunken Fernseh Und Rundfunk GMBH and to Grandig AG about their price-setting practices. It said in a statement that the electronics firms' practice of binding retailers by contract to charge fixed prices
      Reuter  -  225 words
    • Article
      Lock icon Ex-minister must repay US$10m
      150 6 Reuter AN AUDIT court has ordered former foreign minister Abdelaziz Bouteflika to repay nearly US$lO million to the Algerian state, alleging he funneled secret funds to a Swiss bank account. The judgment handed down on Monday by an Algiers audit court ended months of probes into
      Reuter  -  150 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      754 6 ARRIVALS Service Local Operator Number Time From PAA PA5 0015 JFK/SFO/HKG BA BA14 0045 MEL/SYDPER MAS MH601 0820 KUL MAS MH671 0906 KUL MAS MH81I 0910 PEN SIA SQ103 0945 KUL RBA Bid 1000 BWN GIA GA887 1020 LGW/PCO/BKK MAS MH603 1020 KUL CAL CB14 1030 HLP
      754 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      65 5 t 7? I f iv* u w, 9rV .v I m n -fiFr x X 'V ■k r-, Gucci quartz timepieces in 18 carat gold to a thickness of 10 microns with limrdskin straps. Both men'sand ladies' priced at $390. Available also with champagne, blue/red'blue or green red green dials.
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      148 6 Meticulous travellers will appreciate the advantages f t i w t m m r v <3* r< 4' M The Pavilion Inter-Continental Singapore. A hotel where every detail has been designed to cater to the unique needs of the top businessman in a huiry. Where the Cantonese cuisine is the
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      Page 6 Advertisements Column 2
      24 6 Pan Am's Space Seats Around The World More Seat room, More Legroom, More Space To Stretch Out. Pan Am.Yon Can t Beat The Experience.
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  • RAW MATERIALS
    • Article
      LONDON MARKETS
      1083 7 COFFEE: Robusta futures yesterday ended the morning £1 to £5 a tonne below Tuesday night's close on a thin volume of 638 trades including 28 options and 60 crossed lots. November traded narrowly in a £7 range before ending at £1,671, down £4, on a volume of 151
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    • Article
      PALM OIL
      143 7 THE Malaysian crude palm oil market yesterday closed easier on continued profit-taking in fairly active trading. In the Aug position, central region fell Ms2s to Ms9Bo a tonne, south M 517.50 to M 5992.50 and north Msls to M 5965 while in Sep, central lost Ms3s to Ms9Bo
      143 words
    • Article
      SOYBEAN
      197 7 SOYBEAN futures in Chicago on Tuesday closed mixed, off 4V« US-cents a bushel in nearby August and up five cents in July. November ended in the middle of an 11-cent range. Long liquidation continued to pressure prices in the quietest trade seen in many sessions. The majority of the
      197 words
    • Article
      WHEAT
      197 7 SOFT WHEAT futures in Chicago on Tuesday ranged from IV* US-cents a bushel lower to 3V« higher in moderately light trade. December traded in a narrow three cent range. Prices followed the generally lower pattern set forth by corn and the soy complex. Strength in deferred months was due
      197 words
    • Article
      RUBBER
      315 7 THE RUBBER market in Singapore yesterday closed easier with September One RSS buyers quoted at 244.25 cents per kilo, down 3.25 cents from Monday. Lower Japanese and London advices coupled with some long liquidation caused prices to (all about three cents during quiet morning trading. Prices fluctuated narrowly in
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    • Article
      CLOSING PRICES
      30 7 Rubber Aug 10 Singapore: September: 244.25 cents (down 3.25 cents) Malaysia: September 267.00 cents (unchanged) Tin: M 530.32 per kilo (down 2.00 cents) 152 tonnes (up 15 tonnes)
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    • Article
      Straits Tin
      77 7 THE Straits tin price in Penang yesterday (ell twe cents to M 539.32 a kilo, within the ITA lower range of MS2S.IS to MSS2.N. Dealers attributed the retreat to lower overnight London closing prices. The buffer stock manager absorbed about 81 per cent of the ore on offer
      77 words
    • Article
      RAS PRICES
      345 7 RAS price* In cent* per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt (.o.b. 240.00 241 OON Int. 1 R.S.S September 244.50 245.00 Int. 1 R.S.S. October 247.75 248.25 Int. 2 R.S.S. 232.50 234 SON UK Coot 231.50 233 50N lat 3 R.S.S. 228.50 230.50N
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    • Article
      SSR and SMR
      110 7 NOON 881 and SMR pneaa jm larda y RA8 Saptaabar Octobar (Carnal Mth) (Forward Mth) Bayara 8. allara Bayara Sallara SSR20 (1 loo pallatl ***** 217.SON 217.00 219.00N SSR SO (1-taa pallat) ***** 214.00N ***** 215.50N MRELH Saptaa tar Octobar SMRCV (1-taa path*) 298-00 300.00 299 00
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    • Article
      Produce exchange
      160 7 CHINESE Pradaee Exchaage, Singapore, c I wing price* per 1M kg yesterday. Cacaaat ell: Bulk fob $135.00 sellers, old drum (in second hand drum) fob $148.00 sellers, new drum fob $152.00 sellers. Capra: Mixed (loose) 180 buyers. Pepper: Muntok white pepper fob Asta NLW $355.00 sellers, Sarawak white
      160 words
    • Article
      TEXTILES
      143 7 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Crttaa yam: China Blue Phoenix 20b 2,650 32s 3,550, 40b 3,700 (per bale of 400 lb*). PakMaa raw Mttea: LSS 6 40, 4F 6.35, 289F 6.43; NT .roller ginned 6.36 (per lb). CLOTH
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    • Article
      RICE
      333 7 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.04, 100 per cent second class 0.76, 100 per cent third class 0.73, 25 per cent new crop 0.58, B-10 per cent no stock. THAI BROKEN: A-super 0.60, Special 0.54.
      333 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      223 7 St Moritz Gold by Chopard. A brilliant achievement to match your gplden moments. In a tribute to the men and women all over the world who continually strive for excellence in every human endeavour, Chopard artists pursued and created the ultimate watch: the St. Moritz Gold. For elegance, the St.
      223 words
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  • Article
    Licences that make no sense
    522 8 HER MAJESTY'S Secret Service agent 007 requires only one special licence to do whatever he wants. But the average Singaporean probably needs a handful at least one to drive, one to keep his dog, one for his television set and radio and another when he
    522 words
  • Article, Illustration
    Lock icon Australia lays out the welcome mat
    1129 8  -  We don t need to boast. We know that our capital, Perth, is simply the worlds most beautiful city. Furthermore, we actually have the beaches, climate and life-style that California only thinks it has,' State Premier Brian Burke told reporter JOHN COLLIERS, who notes
    FT  -  1,129 words
  • Article
    Lock icon South Yemen lures foreign oil firms
    575 8  -  By IBRAHIM NOORI Reuter THE discovery of high-quality crude oil in South Yemen has lured foreign oil firms to the country and given its Marxist rulers new hopes of wealth. Oil exploration in the impoverished, mountainous country on the southern tip of the Arabian
    Reuter  -  575 words
  • Page 8 Advertisements
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      31 8 Graves, Inc. I WOULDN'T HAVESO /V\ANY PROftiMS witH IKPkSISTION. sis wptf-e Tw*e work Tne 1 Mpn"c tu\S JOB HOURS ,Tne u)PG.es, Tne Su»?OUNDIt4GS PvND n LJORK U)\TH OP \S the. UFF
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    • Miscellaneous
      Page 8 Miscellaneous Column 2
      581 8 WmsfßHTil SINGAPORE 5 w SINGAPORE 8 6.00 PM Operant folowed by Heads and Tafc 6.20 The Famous Adventures of It Mafoo Mr Magoo's Treasure Island (Part 1): Mr Magoo is kept busy trying to locate the hidden treasures. 6.45 News and Weather Forecast (Tamil) 7.05 The Body Human Gene Machine
      581 words
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  • Article
    Lock icon US takes new look at toxic problem
    1155 9  -  By STEVEN MARCUS NYT SCIENTISTS, engineers and industrial I*, managers in the United States are now developing a variety of methods aimed at eliminating the need for the toxicchemical landfills that have in recent years been posing widespread publichealth concerns. If a number
    NYT  -  1,155 words
  • Article
    Thanks from a Taiping shareholder
    105 9  -  Letters te the Editor Deck Mee -CONGRATULATIONS on your evaluation on the 'Taiping-AMDB cause celebre published in the Business Times on July 19 under the headline, "Need to define basis of valuing shares". Your watch-dog analysis of the situation deserves the thanks of all minority
    105 words
  • Article
    Bring back the trade apprentices
    167 9  -  Rigor Morths MR EUGENE Yap is so right when he comments (Business Times, Aug 4) that "few tradesmen nowadays undergo proper apprenticeship" and "many workers regard themselves as skilled tradesmen after only six months." Surely in less time. Put a hammer in his hand and
    167 words
  • Article
    Why the delay with share registration?
    136 9 I SENT my Genting shares for registration on May 5 this year. Until now, I have not received the certificates. Does registration of share certificates take more than two months to process? What is the ruling imposed by the stock exchanges of Kuala Lumpur
    136 words
  • Article
    Bank refutes report on arson
    106 9  -  P R Ahuja Depoty general manager Indian Oversea* Bank Singapore WE REFER to an item in the "World in Brief" (Business Times, July 29) which reported that the Indian Overseas Bank had accused Sri Lankan police and soldiers of burning down its Colombo branch during
    106 words
  • Article
    Lock icon NZ tries to save its thermal springs
    502 9  -  By STUART DOUGHTY Reuter WH AK AREWAREWA, New Zealand's spectacular thermal region of spouting geysers, steaming water holes and bubbling mud pools, is losing its potency and may be dying. Scientists are trying to discover what is threatening the tourist magnet and internationally-known
    Reuter  -  502 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      2453 9 89 Propertwm For Sale 89 Prop«rli«s For Salt 89 Propertie* Fof Saic Bin Pat* (Pool) CaKtocoltMtM Ounb»» Walk Ho*land village (Pool) Naaa»m Road Oft CKinc«) I ane Old Holland Road (Pool) Oat Tiooj Park Tnomaoe Vtcwwty 3SO(»>Vj f; ft IVfJGa<l ft ft. ft 12 tWGaq ft. X ft 13 fr'**".}
      2,453 words
  • Page 9 Miscellaneous
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  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      311 10 Where to wine, dine and entertain B with the American Express Card n. H you don t have the Card, call *****33 for an application form" 1 8 desserts for 18th National Day To celebrate ihc 18th National Day of Singapore. Luna Coffee House has a grand feast planned for
      311 words
    • Advertisement
      Page 10 Advertisements Column 2
      219 10 übertutf drill 1~ 1 For lunch. For dinner For a richly; rewarding experience I-or reservations call *****77 A v yy 4-I II I 'lll'k H >11 ll I»■ I Sill^lllNHV 'it* Where dining is always a pleasure »«.v. rT/ la <y x I Long established as the restaurant serving the
      219 words
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      Page 10 Advertisements Column 3
      228 10 With every order of beer you will be served, with our compliments, Satay, Sambal Spring Rolls Titbits Introducing LEOPARD BEER 1982 Brussels Gold Medal Winner 4.30pm-7.30pm Ikinn e«*v H" (Mon Sat) r i PeWimu/a Hotelj Coteman Street I Other facilities: 24-hour Tat *****91 I Coffee House Cocktail Lounge J Experience
      228 words
    • Advertisement
      Page 10 Advertisements Column 4
      197 10 Kveniliiiii>s all riulit when the kkly the blues. .Jr P \ML Former member of the srf) Dimension. Tern Bryant, breathes neu spirit into heartbreaking blues. Be enthralled t|»' her supercharged performance at The Belvedere Supper Club. 10.30 pm to 11.11 pm The Kashah 11.45 pm to 1230 am Season from
      197 words
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      Page 10 Advertisements Column 5
      196 10 (Resort lo our Qfoaperb Qhtisjms <D)f fHcbaUton I real lourvelf to im i famous Prime Rib heel in (own scr\t-»l on j SiUer Wayon. I 11 v\ iin I to ihe li\t- entertainment |tio\i(|f(| hv the l ilipino hand—ihe orjui/ I rio' from 7:.lo|>tn io 1 1 iOpm v m
      196 words
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  • INTERNATIONAL STOCKS
    • Article
      Paris
      191 11 AUG IN Fra CORBE1LLE Alr-Liqulde 421 -6 B S N Oervais Danone 1915 -10 CSF (ThomsonCsf) ISO unch Cle Franchise des Petroles ITS 2.6 Credit Fonder De France 446 -2 Hachetl* (Librairle) 1061 -8 Machines Bull Mlchelin (B) 738 -1 Omnium Peugeot ***** OS Philips <Nv Gem Beilt) 174
      191 words
    • Article
      Frankfurt
      90 11 AUG 1 00 Dm A«t BAS Bay* BMV Telel F >r V unken 85 90 151 20 ***** 300.00 Com Corn Da:r imeri U Ou nler-l bank mml Bern 170 20B 104.30 582.00 Degussa Demaf I Deutsche Bank ***** Dread ner Bank OHH 175 JO 140 20 154 90
      90 words
    • Article
      Brussels
      68 11 AUG 09 Frs FORWARD MARKET Actc 520 -18 Arbed 1240 10 Astur 490 -It 13M -28 C&npac 1980 -40 Cork 151 -5 542 2 2206 -145 Electrobel 6190 -120 GD-Inno-Bm 3180 -20 G«* 2400 *60 Petro 5740 -40 Sldro 1850 unch Soc Gen Belg 1840 -ao 4920 -ao Solvay
      68 words
    • Article
      Zurich
      195 11 AUO 08 Franc* Action* Sulaae* Alu*ulne Br. Alusulase Re« Brown Bowrt Br. aba CMC Br ate Ool«j PC Ota Qet*y Rq. Credit Sulne Br Credit Sulne Rn IMtiontt Br. Oeorfc Ftocher Br Ototou* Pc Hero Br. Hoffman La Roche 1/10— Hotderbank Br Interfood Br. Jelmoll Br Motor-Col umbui Nestle
      195 words
    • Article
      Milan
      99 11 Baitogl Bel Central* Ord Cond Acqua Roma Ertd&nla sm uncn 2B0OO -406 2106 unch 112 +l 8380 -130 flat Ord OenenUl 30H unch *****0 -SB Qlm III Prt* Invest 3340 -11 4060 unch 2806 unch Italcementl Ord I tales* Lepetlt Ord ***** unch 101SJ0 unch ***** -90 Mediobanca *****
      99 words
    • Article
      Market closes mixed
      1148 11 NEW YORK STOCK PRICES on Tuesday closed mixed, but blue chip issues managed a moderate gain as investors remained apprehensive because of the prospects of higher interest rates. The Dow Jones Industrial Average, which rallied in the final 30 minutes after moving indecisively most of the session,
      1,148 words
    • Article
      Amsterdam
      175 11 AUG 06 PU ABN 386 00 -3 Ahold 167 00 -2 72.50 -03 AMEV 124 00 -15 82.60 -09 64.50 -1.7 Berk 26 40 01 BoU 96 60 -09 192-50 47.50 0J 40 JO -1.1 Cal&nd 36J0 0J Calv 279 00 -2 Dell Mlj 73.00 -08 ***** -3 *****
      175 words
    • Article
      TORONTO
      209 11 AUG 08 AMUM Alcan Algoma Bank Mont Bank Nov* Scotia Bell Tel BP Can Ltd Bructn CI nw ««s n>+ «>» B 32^ unch -«k -S s unch Camp Red Lake Can Imp Bk Can Prm Mg C&npac Carllnc O Keefe Cmbl Rd Lk Cn Bthrt CI A Comlneo
      209 words
    • Article
      JO'BURG
      292 11 AUG 08 Rand INDUSTRIALS A Alpha 930B ADercom 200 S AE And CI 910 -10 Amaprop 490 -s AMIC 3200 425 Btrlovs 1200 -5 C G Smith 2240 -10 OCA 1550B unch Currte Finance 410 Dr Brtre Ind Edcon Fel*Volk *****6 1 mttm ZZ 400 unch Oratemn Hive Id
      292 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      606 11 See page 13 for Asian stocks. SEMINAR ON TRADEMARKS AND PATENTS International Room, Hotel Merlin, Kuala Lumpur September 6th Bth, 1983 Jointly organized by Federation of Co-ordinating Council for World Intellectual Malaysian Manufacturers Industrial Technology Transfer Property Organization (WIPO) INTRODUCTION Patents and trademarks are important aspects of the industrial property
      606 words
    • Advertisement
      Page 11 Advertisements Column 2
      443 11 The First International Technology Exhibition for Asia 6-9 September 1983 World Trade Centre, Singapore. Qv I>AW WNPRHNI iMKiS i sl\\ 9 L 1..-|^....IMLI^ ft m s, I V* Of <4 Asian Energy '83 is Energy Generation, Distribution, Conservation Alternative Energy Sources. Don't miss it! Highlights of the first day's papers
      443 words
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  • Article
    BUSINESS DONE ON THE SES AND THE KLSE
    3194 12 afc> and offer price* officially listed aad business in and reported to the Slock Exchange of Singapore yesterday with the number of «hares Waded shown in brackets in lots of f units unless otherwise speciAll Times Settlement Contract* quoted after the word
    3,194 words
  • Article
    SHARE INFORMATION SERVICE
    3493 12 G !>• Gr's Net 1983 Coapur Last Div Div YTd P/E Vol Day High Low Sale or- Crt (•OOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 286 235 Acma 244 4-2 7 3 10 220.0 1 244 244 80* 148 Alcom M7 -8 5.0 33 10 213 M
    3,493 words
  • Article
    In Kuala Lumpur
    2268 12 BID *nd otter prices Hated aad hnaln— to and reported to the Kuala Lumpur Stock ywterday, wtth the number of «ham traded ihown la bracket* In lota of 1.000 units nnlf otherwlee redded INDUIIIAU n 3 308 r Atom (ITBB IMS) (1) IM (2) 2.85 AMD (3.488)
    2,268 words
  • Article
    Share prices rise slightly
    753 12 SHAKE prices recovered mow greaad yesterday after steep falls. Ita slight technical nt>—< was generally expected la view sf the highly ivemM OwHw sf the market, dealers said. The retara la tercel, alhett half heartedly, was evident aaaa after the epealag hell aa seme lavesters felt
    753 words
  • Article
    Moderate gains in KL market
    478 12 SHARE prices on the Kuala Lumpur stock market finished slightly steady yesterday as investors' confidence was boosted by improved sentiment on Wall Street. After opening higher, prices continued to rise until some sellers emerged towards the noon close In the afternoon, buyers returned to push
    478 words
  • Article
    Unit trusts
    183 12 Nangcn' 9* 1 1 I SINGAPORE inn trust The Commerce 3.9 3.S0 The Savings Fund 1» 2 01 S pore Prog Fund 1.41 1.57 S'pore Sec Fund 114 2.2?xd S pore Invest Fund 1.0 1.15 S'pore Equity Fund 1.41 1 55 DIAMOND MOT STORE July Aug Diamond S'pore
    183 words
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  • ASIAN STOCKS
    • Article
      Manila
      171 13 SHARE prices yesterday closed mixed on a turnover of 1.83 million pesos, down from 2.37 million on Tuesday. The Commercial and Industrial Index was down 0.68 to 111.84, the Mining Marker fell 27.26 to 1,473.72 and the Oils Index was unchanged at 1.193. Sime Darby rose to 13.25 from
      171 words
    • Article
      Prices close mixed
      379 13 HONGKONG PRICES yesterday closed steady, supported by some late bargain-hunting. Trading was quiet and featureless for most of the session due to a lack of fresh incentives. Among leaders Cheung Kong gained five cents to HK$B.7O, China Light 10 cents to $16. HK Land 10 cents to
      379 words
    • Article
      Sydney moderately higher
      436 13 AUSTRALIAN share markets yesterday closed moderately higher after recent losses, led by solid gains throughout the mining sector, amid evidence of a substantial pick-up in overseas buying interest and following a mild upturn on Wall Street. At the close the All-Ordinaries Index was up 3.6 at 666.4
      436 words
    • Article
      Tokyo slightly firmer
      482 13 SHARE prices yesterday closed slightly higher in thin trading, with late profittaking paring early gains. The market average rose 4.26 to a pro visional closing 8,878.48 on a trading volume of 230 million shares, and the Tokyo Stock Exchange Index was up 0.49 at 654.96. Internationally popular
      482 words
    • Article
      Bangkok
      142 13 4 PRICES yesterday closed slightly higher in quiet trading. AUO 10 Bahts Aokham Thai Alia Fibre 144 unch Ayuthaya In*. And Trust 138 1 Bangkok Bank Bank Of Ajrudhaya no ♦a Ltd 152 unch Bata Shoe Berll Jucker Charoong Thai Wire 364 unch Firestone First Trust 68.75 05 Ooodyear
      142 words
  • COMPANY NEWS
    • Article
      Faber Merlin borrows M$10m to buy land
      214 13 FABER Merlin Malaysia Bhd is to borrow MJIO million to purchase the 105 sub-divided lots of residential land in Overseas Union Garden. The hotel-cum-property group disclosed this in reply to a KLSE query on its property arm, Faber Union Sdn Bhd's agreement to
      214 words
    • Article
      Lock icon Americans purchasing more European stocks
      659 13 Reuter AMERICAN interest in the shares of European companies has greatly increased in recent months, as a strong dollar and buoyant US stock prices have made many foreign shares look like bargains, analysts said. While Japanese stocks have long been sought after, US investors only
      Reuter  -  659 words
    • Article
      COMPANY MEETINGS
      98 13 THE Halted Malacca Rubber Estates Berhad: EGM to be held at Bangunan Unitac, 8H, Jalan Panjang, Malacca on August 12 at noon. INTRACO Limited: EGM to be held at 11 Keppel Road «05-01, Keppel House, Singapore 0206 on August 15 at 10 am. VENEER Products Limited: Twentieth AGM
      98 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      360 13 NOTICES The Ctmpulei Act Cap. 185 aad la ttw matter of IDP COMPONENTS PRIVATE LIMITED (Members' ViluUry Winding UP) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 1001 Jalan Bukit Merah -06-06 Singapore 0315 on the 4th day of August, 1963, at 10.00 am,
      360 words
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      Page 13 Advertisements Column 2
      657 13 o (Incorporated m the Republic of Singapore) PRELIMINARY ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 30TH JUNE 1983 Fhe Directors are pleased to report that the audited results of the Group for the year ended 30th June. 1983 are as follows: Earnings per share: Before tax and extraordinary items 31.3
      657 words
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  • Article
    SINGAPORE
    177 14 Rises Indices Stb Msia lad 515 45 Aug 8 Aug 10 Lien Hoe 650 25 PAN Kuiutiaf 50« Joku Hld|i Hume M 805 20 BT Composite: 871.83 876.27 750 650 560 20 20 20 BT Indicator: ST Industrials *****07 910.67 *****32 914.78 G I HM(> KO« Fed Cables 380
    177 words
  • Article, Illustration
    KUALA LUMPUR
    179 14 Rises Indices Sea Corp U M Flour 1150 635 70 35 Aug 9 Aug 10 Johan 715 35 MBT Indicator: *****88 *****51 S M I Choc Prod 560 30 NST Industrials: 1277.34 1283.25 615 30 NST Finance: 2302 36 2333.78 M Flour 555 25 NST Hotels: 651.94 652.69
    179 words
  • Article
    Promet earnings up 96.2 pc at half-time
    600 14  -  ■MSB! Companies Editor: Mano Sabnani By ALAN LEE PROMET Bhd, the diversified Malaysian-based group headed by Datuk Ibrahim Mohamed and Brian Chang, has achieved, at the interim stage, more than half of its forecast earnings of MJIOO million for 1963. For the six
    600 words
  • Article
    COMPANY BRIEFS
    384 14 UAC Bhd, which is issuing 2.5 million shares of M$1 each at $2.70 per share to buraiputras to help finance an expansion programme, is holding an extraordinary general meeting on Aug 24 to seek shareholders approval for the issue. The meeting will be held on the 15th floor
    384 words
  • Article
    SPP earnings up 27.6 pc
    447 14  -  By LIM SOON NEO CONSTRUCTION-related activities continued to be the money spinner for SPP Ltd, which recorded a 27.6 per cent increase in pretax trading profit for the six months ended June 30, 1963. Latest interim results for the paper products turned construction group show
    447 words
  • Article
    LONDON STOCKS
    938 14 THE STOCK market closed mixed yesterday, but in late trading dealers said prices tended to ease in line with a lower Wall Street. At 3pm, the Financial" Times index was up 1.7 points at 726.4. BP rose 12p to 428 following an upgrading of brokers' profits forecasts, ICI
    938 words
  • Article
    Lock icon Dow Jones lower
    111 14 AP STOCKS opened mixed yesterday but the Dow Jones Industrial Average immediately erased its gain of the previous session. Energy, chemical and auto issues paced the early losers, while several financial and airline stocks moved ahead. The Dow, which rallied to gain 5.21 points on Tueday afternoon,
    AP  -  111 words
  • Article
    Rothmans Industries chalks up pre-tax profits of $35.93 m
    335 14 BOTHMANB ladaatrtea Ltd, in Mi —i year m a leparate dated eMpuj, hu reparted aa lmprwatve aet af reealta far IMS. total the 12-maatb pertad I» Jut U, IMS, the graap aaw pre-tax preflta at IU.iS mllttea. Thla campart* favearahty with
    335 words
  • Article
    LATEST
    45 14 GENERAL Seeufttes InvMtnea to has recorded a 266.3 per cent jump in group pre-tax profit to $4.15 million for the six months ended June 30, 1983. After-tax profit rose to $2.33 million ($255,000 previously). Consolidated net tangible asset backing per share was $2.20 ($1.88).
    45 words
  • Article
    Selected Indices
    55 14 H.K.HANG SENG Wednesday 1028.74 Tuesday 1020.53 Week Ago 1068 11 AUSTRALIAN INDUSTRIALS Wednesday 811.1 Tuesday 808.8 Week Ago 813.8 ALL ORDINARIES Wednesday 866 4 Tuesday 882 9 Week Ago 875 7 FINANCIAL TIMES INDUSTRIALS Tuesday 724.7 Monday 721.3 Week Ago 718.0 DOW JONES AVERAGE INDUSTRIALS Tuesday 1168.27 Monday
    55 words
  • Article
    UIC reports sharply higher interim profits
    464 14  -  By CHAN oi CHEE UNITED Industrial Corporation has made a spirited turnaround to profitability, in line with forecast. For the half year ended June 30, 1983, the property-cum-ind us trial group reported pre-tax earnings of $3 million. This is sharply higher than the $34,000
    464 words
  • Article
    Jardine sells 60pc stake in Lombard Insurance
    318 14 JARDINE, Matheson and Co Ltd has sold a 60 per cent stake In its whollyowned subsidiary, Lombard Insurance Group, to a US insurance company, Continental Corp. Continental will pay HKJI3O million cash (or half the shares and will acquire the other half in
    318 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      114 14 Absolute Must For Every Accountant An invaluable Text/Manual to persons in the accounting profession and a practical teaching guide. HARD COVER Illustrated 331 pages Size: 20.2 cm x 25.4 cm <8" x 10") m PER COPY V "t ftp*"** TOPICS INCLUDE: Introduction to microcomputers Use of a uniform chart of
      114 words
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      Page 14 Advertisements Column 2
      83 14 Vl *5 h* 95 'P. KM sir« si«* Jr. f -V; «fi ""Tiii. iWftitifiitt'ir'-i Wasted space that often exists in the upper reaches of industrial buildings, can be put to use by the introduction of a raised storage platform incorporating standard open grid steel flooring panels, staircases and handrails etc.
      83 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      59 14 OUTLOOK for today: Fair in the morning; showers in the afternoon. Report for 24 hoars prior to 1M pm m Aig 19 at the airport: Maximum temperature 32.0 Associated humidity 70 Minimum temperature 27.3 Associated humidity 85 Hours of sunshine 8.00 Rainfall in millimetres. trace Total rainfall for the month
      59 words
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  • SHIPPING TIMES
    • Article
      ILA and seven organisations sign agreement
      342 15 THE International Longshoremen's Association (ILA) and seven steamship management organisations on the US eastern Gulf coast have reached agreement on new contract provisions. The agreement, which has averted a threatened strike on Sept I, should enable stricter enforcement of the ILA's 50-mile container rule.
      342 words
    • Article
      Raya to start new semi-container service this month
      444 15  -  By JUNE LIM RAYA International Line will start a new semi-con-tainer service to the Mediterranean region this month. The new service will use two semi-container ships redeployed from its Far East/Indian subcontinenent/South Africa service. The two ships the 13,219 dwt Raya Happiness
      444 words
    • PORT SIDES
      • Article
        Lock icon S Korea-Taiwan pact
        108 15 AFP A SHIPPING agreement between South Korea and Taiwan is expected to be signed this month in Taipei which will remove restrictions forbidding Taiwanese ships to load cargos in South Korean ports, a Taipei Ministry of Communications official said. Taiwanese ships have been forbidden to load any
        AFP  -  108 words
      • Article
        Lock icon Congestion surcharge
        71 15 Reuter THE Hongkong/Calcutta and Bangladesh Freight Conference said it will introduce a congestion surcharge of five per cent on Hongkong/Chittagong shipments. It said the increase will apply to vessels arriving in Hongkong on and after August 15. The conference said port conditions at Chittagong have been deteriorating increasingly
        Reuter  -  71 words
      • Article
        Lock icon Fairness grounded
        58 15 Reuter THE Liberian grain carrier Fairness ran aground on Tuesday at the entrance to the Parana River port, a CoastGuard official said. Tugs are trying to refloat the vessel, loaded with 12,800 tonnes of sorghum for Japan, he added. Heavy silting caused by current flooding of the Parana
        Reuter  -  58 words
      • Article
        Lock icon CAF amendment
        36 15 Reuter THE Australian and New Zealand/ Eastern Shipping Conference said it will adjust the currency adjustment factor from Hongkong to New Zealand to minus 15.55 per cent from minus 18.80, effective Aug 10. Reuter
        Reuter  -  36 words
    • Article
      INDEX TO ADVERTISERS
      721 15 Shlppiag Uat P»ge CM Mm VI 3 Ahrenklel Liner VI 3 All tram vn 4 Ai par VI 5 Antara Shpg X 4 A PC Line V 4 APL m 4/5 Argentine IV 4 ASCI. m 1 Asift broker V 5 Aaia Merchant VI 4 AustuU Line
      721 words
    • Article, Illustration
      Freighter salvaged by Smit
      154 16 THE Malaysian-registered freighter which sank in the Eastern Anchorage in Singapore m July 4 has been salvaged by Smit International (Sooth-east Asia). The SM-grt vessel, Hnyti, was lifted from the seabed by three Smit floating eraaes with a combined capacity of 1,3 M tons. The cranes,
      154 words
    • Article
      Lock icon Bombay Port Trust to pay higher ship subsidy
      134 16 Reuter THE Bombay Port Trust (BPT) will pay a higher subsidy for ships discharging cargo in midstream in a bid to ease congestion at the port, Bombay Port Trust officials said. The revised subsidy comes into effect immediately and will be available
      Reuter  -  134 words
    • Article, Illustration
      Lock icon Wartsila's success with Soviet trading
      780 16 NYT THE doorstep of the Soviet Union is not normally regarded by capitalists as prime investment territory. But precisely because of their heavy trade with the Soviet Union, a number of companies in Helsinki at the gateway to northern Russia scarcely noticed the recent worldwide
      NYT  -  780 words
    • Article
      LONDON FREIGHTS
      1806 16 MORE active time-charter business on Tuesday developed in an otherwise rather quiet freight market with Chinese operators booking a 15,000 tonner from Escoumins to China at U553,900 daily, shipbrokers said. A 21,000 tonner was arranged from Corpus Christ! to Cristobal via Ecuador at $4,000 daily while $3,300 daily
      1,806 words
    • Article
      The Consortia
      196 17 THE MAJOR shipping consortia operating between the Far East/Europe, Far East Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): Franco Belgian Services. "K" Line. Korean Shipping Corporation. Neptune Orient Lines. Orient Overseas Container Line. Cho Yang Shipping. ANRO (STRAITS/AUSTRALIA): Australian National Line. Australia/Straits Container
      196 words
    • Article
      New consortium expects to start service next year
      234 17 THE new consortium known as Eurosal (Europe South American Lines) is expected to begin serving the North Continent and the west coast of South America as of April 1964. The group comprises Armement Deppe of Belgium, Compania Sud America de Vapores (CSAV,
      234 words
    • Article
      New move for orders of pilotage service
      165 17 ALL initial orders for pilotage service should be placed through the telex with effect from Sept 1. The move is aimed at reducing congestion of telephone/VHF calls at the Port Operations Centre, said the PSA. Shipping agents are required to standby for 30
      165 words
    • Article
      Second phase of MICT to be delayed further
      581 17 THE second phase of the Manila International Container Terminal, already behind schedule due to earlier financing problems, may be delayed further. This time the delay may arise from the insistence of contractors who won the bidding held early last year to include
      581 words
    • Article
      Hyundai shipyard places more orders
      243 17 South Korea's Hyundai shipyard is negotiating for a further US$4OO million worth of orders on top of the $1 billion worth of contracts received for the first half of the year. The yard is reported to have held talks with Indonesian, Danish, Dutch and Indian
      243 words
    • Article
      SHIPPING LIST where your ships are due...and when
      6654 22 SCHEDPLE A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      6,654 words
    • Article
      Container Schedules
      705 23 CONTAINER TERMINAL RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Godowns FCL Arrival for L£L Movement Ship Voy Date/Time Operator Cargo Schedule Location SA Vaal 3906F 12.8.83 0100 Jardlne TA3 1100-1300 L6 Ming Energy 3W 12.8.83 2100 Malay States FSB 0700-0800/1800-2000 B5/B5 C Edinburgh 51/563 12.8.83 0300 Ben
      705 words
    • Article
      WHO ACTS FOR WHOM...
      1608 23 The leading shipping lines operating from local ports and their agents. A-B Adriatte CmWmt Continental Feeder* (S) Cargo Freight (PK) Am African Shipping Agencies (S). Afn Iff Mil Um Tranagroup (S). Ahrsaklel Umt terries Kim Shpg (S). Alfred C Taeptar Sea Consortium (8)/ Marinte* Enterprise (PK).
      1,608 words
    • Article
      Lock icon PORT CONDITIONS
      1207 24 The Above Information is compiled from data provided by the Singapore National Shipper's Council and other sources. ANGOLA Luanda and Lobito July 20th. No berthing delays. ALGERIA Algiers July 15th. Berthing delays of 5-6 days with about 20 vessels waiting. ARGENTINA Bahia Blanca July 25th. 34 vessels waiting
      The Above Information is compiled from data provided by the Singapore National Shipper's Council and other sources.  -  1,207 words
    • Article
      SHIPS IN PORT
      571 24 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Banff 35/6 Borneo alongside 11.8.83/0600 Cherry B&gus 29/30 Llan Soon alongside 11.8.83/2300 Garsa Lima 18 Sharp alongside 11.8.83/1100 Hugheverett 38/9 NAPL alongside 11.8.83/0600 Kota Rukun 13/4 PIL alongside 11.8.83/2300 Kota Segar 10/11 PIL alongside 11.8.83/0700 Riedersteln 33/4
      571 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      524 15 HEUNG-A SHIPPING Korea Rag Vsls Regular Liner Semi-Container Service To: P. Kelang/Penang/Bangkok/Keelung/ Busan/Inchon Fm: Busan/Moji/H. Kong S pore Agent: Neptune Agencies Pte Ltd Tel: *****11 P.K. *****4, PN *****5 K.L. *****0 tfW, I\R 1) 1 M f a Ul H SK ALOHI) FULLY CONTAINERISED SERVICE UASC UNITED ARAB SHIPPING CO
      524 words
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      Page 15 Advertisements Column 2
      307 15 LONDON Freights U/m CONSORTIA ID SHIPPING Schedule vm/IX WHO Acts for Whom EX CONTAINER Schedules IX PORT Conditions X REGIONAL Weather X SHIPS In Port X Swg» Long Beach Oakland Sep 4 Sep 9 Sep 11 DEPARTURES TO USA, CANADA. CARIBBEAN AND INLAND AMERICA Feeder Vessel Line Haul Vessel Penang
      307 words
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      Page 15 Advertisements Column 3
      792 15 cnan Algerian National Line WE SERVE MEDITERRANEAN AND ALGERIAN PORTS PLEASE SEE PAGE IV Agents UNIMCIFIC TRANS 4 TRADING A6ENCT FTL LTD Tel *****4 (5 lines) SINGAPORE Eg *1 MAERSK LINE EXPORT FULL CONTAINER TO: U.S. PACIFIC. GULF, ATLANTIC, EAST CANADA, INLAND POINTS W TO: BELGIUM, HOLLAND. U.K., GERMANY. FRANCE.
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      388 16 FAR EAST/EUROPE CONTAINER SERVICE To Europe fmtm From Eur KKLFT SaM IBM SaM SaM SaM Mm Accaptai fm lj Barcelona. Genoa. 2) Amsterdam Antwerp I Havre, Basic. UK. 3) Bremen Btemerhaven Aartws Copenlta(en Helsinki 4) Maimo Stockholm. Oslo •Accepttnf Europe carpi lor feeder na Spore *Aho direct cargo tor Spore
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      378 16 YAMASHITA-SHINNIHON LINE CONTAINER SERVICES LINE USA/CANADA Pacific South Wml Pacific Atlantic/Canada zv* vii a/i 4/M 2/11 vii ii/II a/M u/ii ST* 22/1 T ACE a/I MIDDLE EAST >■■»» i CONVENTIONAL SERVICES Line: ltd. FMR.TMX CONTAINER SERVICE TO/FROM JAPAN TAIWAN a/I 2V« Wt in o iyi AGENTS: SUNSHIP AGENCIES PTE LTD
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      550 17 The Straits Steamship Group OCL Overseas Containers Limited CONTAINERSHIP SERVICE TO UK/CONTINENT STRAITS SHIPPING Singapore to Swbah, jariwk. Brunei Ports and Bangkok LMHmiMT FiMrarmns home ions arms MKKNEVKSS KMIOOIMT TOWO UMRS ALSO ACCEPTING CARGO FOR: CONTAINERSHIP SERVICE FROM UK/CONTINENT HK, KS TUNC KB BU Also accepting ICI and FCI cargo
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      543 17 A Franco Belgian Services Iy h'<l >• ht, .ch Snifi i!h A.jr F.if, r»: rau cowmebnp sawct to moc rfOK f. KELMC La Hurt I'M* F-Staee Hh Mma Ant FVU COWTMPSg gmt I Ita tftel kCI CONSO«*iL'M BTtwaa I'M! U Hnrt Piria) OMENTAL am *e con mo sekmbas MM cmm
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      872 18 EXPORTS City et Ednbwfti Hjmburj Eipress To*»o Bji Liverpool Bay FrMktwt Eipress Express Browon Eipress S pon- P Mang S lon H burg B hatren Rdam le Havre Antwerp 1? 8 U 8 31 8 2 9 6 9 7/9 9/9 20 8 21 8 9 9 11 9 13/9
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      400 18 *SUM* I CONVf NIION SERVICF In From BLISAN 10*1* r,o» %umt ocian v o? w MIA* HOC H KHANG PtNANu SU Wwt smw mlhum 12 13 A* n Auf 18-20 ta( FULLY CONTAINERISED SERVICE TO EUROPE Vl* SUEZ 1 Member o' the Ace Conwtwn •ocvaler r«u OUfNTAI OCF »N H.KONG
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      515 18 EVERGREEN LINE EAST/EUROPE CONTAINER SERVICE ACCEPTING fCI t ia CAR GO FOR w tw 14/1 l»/l 5/1 MM lift 1/1 11/ l 12/9 sa 1 v. as ss SKw.SfSJSS""™' i ocl lul MMOClia —m LJS22 auam mas Tom AMSTtROAM M tOTTTXDAM EUROPE FAR [AST CONTAINER SERVICE T; It/7 S Z
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      823 18 vA A Everett Lines! m Burma Five Star Shipping Corpn "BURMESE NATIONAL LINE" 10MNNG FOR RANGOON rmsMKCTMmn i«Ts ft* PKM 23/n A* '««N Nm "ARGENTINE NATIONAL LINE" LOADMG FOR DURBAN MONTEVDCO BUENOS ARES ACONCAGUA 25/2* So* COMPAMA PERUANA DE VAPOREES (C P V.) "PERUVIAN STATE LINE" I ad>nj lw CaUac
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      153 18 •joirruiu timia, inursa&y, Aigisi 11, im 0 1 A V US I NOSE MARITIME PTE LTD SUN UNION LINE KARACHI SERVICE KYOWA LINE ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICES Singapore Loadtaf for RAN HEMMAT 11/« 6 Mobn B. Kbonwn W*AP lt/l <• SUGATOW SNOSE MARITR* PTC LTD HI
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      932 19 PIL GROUP VESSELS HOT A PET AM KOTAMAJU KOTA SALAM VOYAGE SIMOAPODE LOAOMO FOR: E-457 28/30 AUG HOOEIOAH, JEOOAH, PTSUOAN, MOGADISCIO. E-499 2/fl SEPT HOOEIOAH. JEOOAH. AQASA, ADEN E-4SI 5/10 SEPT HOOEIOAH, JEOOAH. AQABA. KMT SUOAH ACCEPTING CONTAINERS TO HOOCIO AH/AQABA/PTSUD AN/MOGADISCIO •KOTA INOAH V6/S3 •KOTA HARAPAN V7/«3 •25 TONS
      932 words
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      561 19 BENLINE CONTAINERS BEN ASIA CONTAINER SERVICE EXPRESS CONTMO SERVICE STRJUTS/TAIWAH/JAPAN 1 BENBULK I BULK SERVICE FOR TIMBER AND PLYWOOD Reiang S pore PKeUng Loadng Fw: atom A2JUIA SU MPI Sd LPI. AT* act LAMMA FOREST 20/22 N 24/27 to| 21/31 ta| LPI, ATM, BBS 7 NOUOMAM IKJJEBSEN LINE K. V
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      572 19 DJAKARTA LLOYD INDONESIAN NATIONAL LINE Indonesian National Shipping Line TO USA WEST/ EAST COAST N GULF WWTS (FULLY CONTJUNERtSED VESSELS) STO* IX HOUSTON SAVAMMH Ml TOOK NED TOM HAUFAI MAMPMTiOiai rati 31/1 13/9 17/9 It/* 21/9 24/9 GOWSM 2/9 27/» 11/11 14/11 17/11 19/10 22/10 kc«h| op tm k*ul Catmtan
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      Page 19 Advertisements Column 4
      530 19 BOUSTEAD SHIPPING AGENCIES BANK UNE EXPRESS DEPENDENT SERVICE TO UK/CONT SPORE R OAM HULL HMBG IVYBANK S^" 9 24 28 CLYDEBANK 20 Sep 15 Oct 18 Oct 21 Oct Lines U.S. GULF MRECT SERVICE From NoU Hsln Gth S PORE *or Gui GENEVEVE LYKES Sid Sid 16/8 2/1 RUTH LYKES
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      1620 20 K LINE KAWASAKI KISEN KAISHA, LTD. EXPRESS CONTAINER SERVICE CANADA UNITED STATES OF AMERICA PACIFIC COAST (bKladlag DESTINATIONS INLAND via IPI MICROBRIDGF MINILAND BRIDGE) TACOMA (VIA SEATTLE) LONGWW (VM PORTLAND) SACXAMNTO (VIA OAKLAIO) STOCKTON (HA OAKLMD) MCtBOO <*A OAK LAM)) ATLANTA, AUSTM, CHCAGO. CMCMNATI. CLEVELAtD, COl UMBOS. DALLAS. DATTON. OCNVER.
      1,620 words
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      654 20 CALIFORNIA/PACIFIC NORTH NEST SERVICE EXPRESS CONTAINER/REEFER SERVICE lM*l| Iw lOS RNGEIIS. SAN FRANCISCO. SEATTLE. TACOMA VANCOUVER C Accepts* ECE/Ed Cantimm SK, ictaT AUSTRALIA EXPRESS CONTAINER SERVICE Accap«M| Fa/FO Cortawn IABMDAS fCS* TS* !TS« ftL/ftS/Bm »/u3< i//IR3. JOF«/H£/^ 11/11 Oct 14/15 Oct 77 Oct 4 Nor Frem AM Ira "RABWAS 30/31
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      624 20 r KORINS MARITIME SERVICES B 114 Anarn Road. #18-01, Tunao Building, Singapore 0207. Tal *****22 4 *****67 P Kalang: Tal: *****1 /8 REO SEA/PERSIAN GULF/MEOITERRANEAN SERVICES HANLM MASCOT DONG MYUNG HAEWOO NO. 2 HAEWOO NO. 3.... spore Loadnf For: .17 Auf Band* Abbas 25 Auf Bandar Abbas .28 Aut Assab/Aleiandria/Benfhaa/Trpoi
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      Page 20 Advertisements Column 4
      636 20 INTRASEA (PTE) LTD. in a.,., o BREAKBULK SERVICE TO EUROPE/UK Spore P. (te| Laadhf tarNORASMMB39I3 5 S«pt 2 Sapt ANTYOP/fWML'W (AVON) LtJ ALP AC LINE S pore P Mar* Last* tar KMC AFRICA 1(2RB 5 Sept i Sapt MAUtmUS/DURBAN; CAPETOMN Vessel Lea** at Rata Krafcah Afent, Sa«*sre NTMSU (Pit) IT!
      636 words
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      434 21 FAR EAST/EUROPE FULLY CONTAINERISED SERVICE gt Iftf *C t C»MOrt>u»> TO EUROPE/UK (VIA SUEZ): Also accepting cargo to/trom Scandinavia C PAUL S pore Closing Times: FCI Cargo 1500 13/8 LCL Cargo 0300 13/8 FROM EUROPE (VIA SUEZ) TO/ROM NORTH AMERICA PACIFIC COAST 17/7 19/7 22/7 23/7 24/7 26/7 29/7 30/7
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      617 21 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO BANGKOK. KEELUNG. BUSAN. INCHON SEMI-CONTAINERISED DIRECT SERVICE TO KHITTAGONG. CHALNA. CALCUTTA CWtjfonf CjtCHtti U/I n i 311 M <10 11/10 *i.| NT WPIUW AQNCf S PTf I ID TH ?77«111 ??04?66 M» »Ot«TS lUAAS «TIA SOU »C "I M 114 WO
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      Page 21 Advertisements Column 3
      1312 21 ifc SINSOv" SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SNSOV BULMNG 55, Martet Street Sbgapore 0104 Telephone Numbers *****3 (15 Lnes) Cable Address SMSOV SMGAFORE Telex Numbers RS ***** RS ***** RS 2510S Page VD P. KELANG M/S SHARKAT MAM SOON SON. M. IST AND 2ND FLOOR. NO 1. IALAN CEMPENWG,
      1,312 words
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      Page 21 Advertisements Column 4
      124 21 SOON KIAT SHIPPING Wk PTE LTD 3. Stwolofi Way #?0 OS #20 M Slwnloo How Smmpw 0106 In *****H (S L«B) Tttn *S3€IM S*SHP REGULM SOMCES TO EAST MALAYSIA n* no oanwnoN HmiLml kin W tkm Mm 14/1 lt/t MM ftut Lm N IVI U/t Mn/UM. KmM Hk*H>lh hR 11/
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      699 22 Kv<|ioiial Container Lines frruwll 2 Sail,n 9 s We e k| V |E-ifitftiTr Reliable Regular Punctual Berthing PSA 1500 Hrs Tuesday Saturday REGUUR FEEDER SERVICE TO PHUKET/SONGKLA wy STOK skla voy stok phuket MTMMBHM 145/144 Sate) 13 Aug 221/230 17 Aug 21 Aug SINGAPORE ISLANDS LINE MIDDLE EAST REGULAR LINER
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      Page 23 Advertisements Column 1
      72 23 DIRECT FULL CONTAINER SERVICES TO US PACIFIC COAST I S nplf NTfl| V iNf p Tf l 270SMM Ail po<\* II »M N A{ PT KIIANG Sf Al lON SMIPPIN M «,rM( PfNANC. I IN* S M SDN BHD Til (Accepting FCL and LCL) OAKLANO FROM US PACIFIC COAST VESSEL
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      Page 23 Advertisements Column 2
      156 23 Scan Dutch V To Europe (Med/UK/NC Scan) Anson 11/1 Anson 18/8 Anson 25/8 Anson 1/9 P. KELANG ACCEPTHG/SMLMG Komf«n lihon B tammmi 12/1 B Butane 19/1 B K«n«nm| 26/8 B Butanj 2 9 To Red Sea/Mediterranean ScanOutch Corona SINGAPORE From Europe Also Accepting To: From: 9L*™""*"". LeHavre. B*oo. 80-., n*"**
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      Page 24 Advertisements Column 1
      245 24 WORLD L>NE mess REGULAR SERVICES JAP AH/HONGKONG/STR AITS Vt SSt L SPOK fWUWC aiOLUi i l« taiivu *u| is/k IHD STM I I fa* tt/17 ft* l«/n MM DIM U M|23/» fa 25/24 a* 9MM l-ll MI 34/31 S* 1/2 M «SC muk M Sap*** H PPW 6*l *3 CB7
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      Page 24 Advertisements Column 2
      660 24 >> P.T. KALIMANTAN SHIPPING CO. LTD. lALAN TANAH ABANG I 123/125 lAXARIA TEL *****9 3418i8 34'2* DIRECT WEEKLY SERVICE TO JAKARTA Dally receiving cargo at Marina Wharf T.A. 5 for direct weekly service to Jakarta/T g. Priok. VESSEL MAGA XXI VOT 13 MAGA XXI VOY 6 MAGA XXXXI VOY 13
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  • Page 24 Miscellaneous
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      Page 24 Miscellaneous Column 1
      158 24 Regional Weather 4 K mmi o P N y 21 M A 5* Vk °c Wim Wind direction with speed in knots Wave height SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND: R Thunderstorm Temperature °C y Shower Weather Wind direction with speed in knots Rain Cloudy
      158 words